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China's November price gain weaker than expected; deflation risk rises

Beijing

CHINA's annual consumer inflation eased to a five-year low of 1.4 per cent in November, signalling persistent weakness in the world's second-largest economy and giving policymakers more room to ease policy to support growth. Beijing is increasingly concerned about the risk an onset of deflation would pose to an economic recovery that has failed to gain traction despite a swath of reform initiatives intended to restore investor confidence and re-spark productive business investment. Analysts...

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